-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BgsxUS47xmyAXYECRs/crxSevX3OkcHJDVq5/Elsl+SOMi7FkFb/AXoL9uNJWvYa 2pgDzr2H+up02Eehg9xE9g== 0000950142-01-500419.txt : 20010911 0000950142-01-500419.hdr.sgml : 20010911 ACCESSION NUMBER: 0000950142-01-500419 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010831 FILED AS OF DATE: 20010910 COMPANY DATA: COMPANY CONFORMED NAME: OAK HILL CAPITAL MANAGEMENT PARTNERS LP CENTRAL INDEX KEY: 0001145642 STANDARD INDUSTRIAL CLASSIFICATION: [] OTHER STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: C/O PAUL WEISS RIFKIND WHARTON & GARRISO STREET 2: 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019-6064 MAIL ADDRESS: STREET 1: PAUL WEISS RIFKIND WHARTON & GARRISON STREET 2: 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019-6064 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SKIING CO /ME CENTRAL INDEX KEY: 0001043432 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 043373730 STATE OF INCORPORATION: DE FISCAL YEAR END: 0730 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13507 FILM NUMBER: 1734751 BUSINESS ADDRESS: STREET 1: P O BOX 450 STREET 2: SUNDAY RIVER ACCESS RD CITY: BETHEL STATE: ME ZIP: 04217 BUSINESS PHONE: 2078248100 MAIL ADDRESS: STREET 1: P O BOX 450 STREET 2: SUNDAY RIVER ACCESS RD CITY: BETHEL STATE: ME ZIP: 04217 FORMER COMPANY: FORMER CONFORMED NAME: ASC HOLDINGS INC DATE OF NAME CHANGE: 19970805 4 1 form4ohcapmgmtpart.txt STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [_] Check this box if no longer subject of Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print of Type responses) ================================================================================ 1. Name and Address of Reporting Person* Oak Hill Capital Management Partners, L.P. - -------------------------------------------------------------------------------- (Last) (First) (Middle) 201 Main Street, Suite 2415 - -------------------------------------------------------------------------------- (Street) Fort Worth TX 76102 - -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol American Skiing Company/ SKI ================================================================================ 3. IRS or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Statement for Month/Year 8/2001 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [_] 10% Owner [_] Officer (give title below) [X] Other (specify below)** ================================================================================ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by one Reporting Person [_] Form filed by more than one Reporting Person ================================================================================ TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/31/2001 (J)(1) 22,200 (A) (1) 22,200 (D) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). ** May be deemed a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB NUMBER. (Over) SEC 1474 (3-99) FORM 4 (continued) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ================================================================================
9. 10. Number Owner- of ship 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature of Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ 8.5% Series B $5.25 8/31/2001 (J)(1) 3,300 Immed. 8/6/2009 Common 634,298 (1) 0 (D) Convertible Stock Participating Preferred Stock - ------------------------------------------------------------------------------------------------------------------------------------ 12% Series C-1 $1.25 8/31/2001 (J)(1) 888 Immed. 7/31/2007 Common 710,400 (1) 888 (D) Convertible Stock Participating Preferred Stock - ------------------------------------------------------------------------------------------------------------------------------------ 11.3025% Junior $12,500.00 8/31/2001 (J)(1) $277,500 Immed. 7/27/2007 Series D (1) $277,500 (D) Subordinated Participating Convertible Notes Preferred Stock (2) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) See attached page. (2) May be deemed a derivative security. The Reporting Person may be deemed a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. However, the Reporting Person disclaims such group membership, and this report shall not be deemed an admission that the reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock for purposes of Section 16 or for any other purpose. Oak Hill Capital Management Partners, L.P. By: OHCP GenPar, L.P., its general partner By: OHCP MGP, Inc., its general partner /s/ John R. Monsky September 5, 2001 - ---------------------------------------- ------------------------- **Signature of Reporting Person Date Name: John R. Monsky Title: Vice President **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. (Page 2) CONTINUATION SHEET TO FORM 4 - -------------------------------------------------------------------------------- (1) On August 31, 2001, Oak Hill Capital Partners, L.P. ("OHCP"), Oak Hill Capital Management Partners, L.P. ("OHCMP"), Oak Hill Securities Fund, L.P. ("OHSF"), Oak Hill Securities Fund II, L.P.("OHSF II"), OHCP Ski, L.P. ("OHCPS" and together with OHCP, OHCMP, OHSF and OHSF II, the "Oak Hill Group") (A) funded $1,250,000 of additional tranche C loans under the Second Amended and Restated Credit Agreement, dated as of July 31, 2000, by and between American Skiing Company Resort Properties, Inc. ("ASCRP"), the lenders party thereto and Fleet National Bank, N.A. as agent (in addition to the $1,250,000 advanced on July 13, 2001) , (B) paid $12,500,000 in cash to the American Skiing Company (the "Issuer"), (C) irrevocably committed to pay $1,000,000 in cash to the Issuer on or before September 13, 2001, (D) committed to provide a guarantee of the obligations of Heavenly Valley LP under a capital lease acceptable to the Oak Hill Group, the Issuer and Heavenly Valley LP, covering certain gondola towers, cars and related equipment and assets servicing the Heavenly resort, such guarantee having a maximum aggregate liability of $14,000,000, (E) irrevocably waived and relinquished all rights, powers and preferences as holder of 8.5% Series B Convertible Participating Preferred Stock (other than certain voting rights), and (F) terminated the Securities Purchase Agreement, dated July 31, 2000 among the Issuer, ASCRP and OHCP, pursuant to which the Issuer had agreed to issue and sell to OHCP a warrant to purchase 6,000,000 shares of Common Stock of the Issuer (the "Common Stock"). In return, (X) the Oak Hill Group received an aggregate of 40,000 shares of 12% Series C-1 Convertible Participating Preferred Stock of the Issuer, 139,453 shares of 15% Series C-2 Preferred Stock, $12,500,000 aggregate principal amount of 11.3025% Junior Subordinated Convertible Notes due 2007 and (Y) the Issuer irrevocably committed to issue 1,000,000 shares of Common Stock to the Oak Hill Group on or before September 13, 2001. On September 5, 2001, the transactions described in clauses (C) and (Y) occurred. -----END PRIVACY-ENHANCED MESSAGE-----